EUR/USD steady near 1.0740 on German CPI

The single currency stayed apathetic following the release of German flash inflation figures during last month, with EUR/USD currently gravitating around 1.0740.

EUR/USD unmotivated after German CPI

The pair kept the composure after advanced headline consumer prices in Germany are expected to rise 1.6% on a year to March (vs. 2.0% initially estimated), while prices measured by the broader HICP are seen rising 1.5% on a yearly basis (vs. 2.0% from prior surveys).

Spot thus stays within the recent familiar range against the backdrop of increasing buying interest around the buck ahead of the US docket: the third revision of Q4 GDP and weekly Initial Claims.

In addition, New York Fed W.Dudley (permanent voter, centrist), Cleveland Fed L.Mester (2018 voter, hawkish), Dallas Fed R.Kaplan (voter, hawkish) and San Francisco Fed J.Williams (2018 voter, hawkish) area all due to speak later in the NA session.

EUR/USD levels to watch

At the moment the pair is losing 0.26% at 1.0737 facing the immediate support at 1.0738 (low Mar.29) ahead of 1.0709 (20-day sma) and finally 1.0704 (low Mar.16). On the flip side, a break above 1.0827 (high Mar.29) would target 1.0874 (200-day sma) en route to 1.0905 (high Mar.27).